Form 990 for tax year 2022
Filed by VERMONT EMPLOYEE OWNERSHIP CENTER INC.
Totals
- Total revenue
- $274,470
- Total expenses
- $253,491
- Contributions and grants received
- $252,663
- Grants paid
- $0
- Program service revenue
- $20,772
- Investment income
- $1,035
- Other revenue
- $0
- Total assets, end of year
- $397,725
- Total liabilities, end of year
- $98,967
- Net assets or fund balances, end of year
- $298,758
- Program services expenses (Part IX)
- $203,895
- Management and general expenses
- $49,596
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $203,895
Program services were 80.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$137,360
-
1f · All other contributions, gifts and grants
$115,303
-
2a · Program service revenue: Educational Event
total $17,065 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Consulting
total $3,647 · unrelated business $0 · excluded $0
-
2c · Program service revenue: Revolving loan fund
total $60 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,035 · unrelated business $0 · excluded $1,035
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $140,335 · program services $132,617 · management and general $7,718 · fundraising $0
-
8 · Pension plan contributions
total $3,865 · program services $3,652 · management and general $213 · fundraising $0
-
9 · Other employee benefits
total $895 · program services $846 · management and general $49 · fundraising $0
-
10 · Payroll taxes
total $10,928 · program services $10,327 · management and general $601 · fundraising $0
-
11a · Fees: management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $25,000 · program services $0 · management and general $25,000 · fundraising $0
-
11c · Fees: accounting
total $7,365 · program services $0 · management and general $7,365 · fundraising $0
-
12 · Advertising and promotion
total $1,481 · program services $1,481 · management and general $0 · fundraising $0
-
13 · Office expenses
total $2,647 · program services $2,647 · management and general $0 · fundraising $0
-
14 · Information technology
total $1,358 · program services $1,358 · management and general $0 · fundraising $0
-
16 · Occupancy
total $6,647 · program services $6,647 · management and general $0 · fundraising $0
-
17 · Travel
total $794 · program services $794 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $5,296 · program services $5,296 · management and general $0 · fundraising $0
-
23 · Insurance
total $8,604 · program services $1,580 · management and general $7,024 · fundraising $0
-
24a · Other expenses: Educational Event
total $34,825 · program services $33,625 · management and general $1,200 · fundraising $0
-
24b · Other expenses: Dues, pubs, fees
total $1,994 · program services $1,594 · management and general $400 · fundraising $0
-
24c · Other expenses: Sponsorships
total $750 · program services $750 · management and general $0 · fundraising $0
-
24d · Other expenses: Postage, printing
total $681 · program services $681 · management and general $0 · fundraising $0
-
24e · All other expenses
total $26 · program services $0 · management and general $26 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,597 · end of year $38,322
-
2 · Savings and temporary cash investments
beginning of year $44,161 · end of year $129,850
-
7 · Other notes and loans receivable
beginning of year $228,853 · end of year $228,003
-
15 · Other assets
beginning of year $1,000 · end of year $1,550
-
17 · Accounts payable and accrued expenses
beginning of year $3,832 · end of year $8,667
-
19 · Deferred revenue
end of year $90,300
-
27 · Net assets without donor restrictions
beginning of year $182,779 · end of year $298,758
-
28 · Net assets with donor restrictions
beginning of year $95,000
Mission and programs · 2022
Mission
To promote and foster employee ownership in Vermont.
-
VEOC presents educational events on the topic of employee ownership and consults with business owners and employees that are exploring employee ownership options.
Expenses $203,895 · Revenue $17,065
As filed on the 2022 return.
Listed in Part VII
-
John Durgin
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris Moran
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael Gurdon
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Elias Gardner
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Tabitha Croscut
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Jon Crystal
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
John Davis
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Keith Flaherty
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Cindy Turcot
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Deborah Harris
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Linda Rossi
Board member
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400339349300805
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.